Price trend

According to the Commodity Market Analysis System of SunSirs, on March 27th, the reference price of cyclohexanone in the domestic market in Shandong Province was 8,212 RMB/ton. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8,925 RMB/ton, the price decreased by 713 RMB/ton, a decrease of 7.98%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that since March, the cyclohexanone market in Shandong Province, China has shown a downward trend. During the month, the performance of the cyclohexanone market was weak, and the market center continued to decline. At the end of the month, the low-end market price had fallen to around 8,000 RMB/ton. As of March 28th, the reference market price for cyclohexanone in Shandong region was around 8,000-8,300 RMB/ton.

Market influencing factors

On the demand side: In March, downstream demand for cyclohexanone followed slowly, and the demand side was cautious about raw material procurement. There was insufficient new order transactions and poor demand transmission, which provided insufficient support for cyclohexanone.

On the supply side, due to the drag of demand, the overall supply of cyclohexanone in the factory was under pressure, and some factories had poor shipments, which hindered the transmission of supply and demand. Inventory has accumulated in the factory, and it is difficult for the supply side to provide effective support for cyclohexanone.

In terms of cost: In March, the benzene market on the raw material side fell, and the cost support for cyclohexanone was insufficient. As of March 26th, the reference price for benzene was 6,806.33 RMB/ton, a decrease of 9.47% compared to March 1st (7,518 RMB/ton).

Market outlook

As of March 27th, the inquiry atmosphere in the cyclohexanone market in Shandong was average, and the enthusiasm of downstream users for stocking up was not high. There was a strong wait-and-see sentiment in the market. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.